Health Savings Account (HSA)

Benefits

The only thing worse than getting sick is when I get the bill for the doctor's visit. But with my HSA, I know that there will be money there when I need it, because I'm putting some in each month where it can earn interest tax-free until I need it. Consult your tax advisor.

Interest bearing

Use it on any approved medical expense

Easy to access funds

Online Banking

FDIC insured

Additional Services Available

SHAZAMChek Debit Card

Online Banking with Bill Pay

E-Statements

MoneyLine Phone Banking Service

Online check images

Direct Deposit

Overdraft Reserve*

Auto deduction of CSB Loan Payments

*You may be charged our standard NSF fee of $ 25.00 for each item created by check, in-person withdrawals, ATM withdrawals or other electronic means paid under the limit. All negative balances must be brought positive with 15 days. Whether your overdrafts will be paid is discretionary and we reserve the right not to pay. For example, we typically do not pay overdrafts if your account is not in good standing, or you are not making regular deposits, or you have too many overdrafts. Please contract a customer service associate for more details.

More Information

HSAs (Health Savings Accounts) were recently created by Congress to help combat rising medical costs by providing an incentive for more consumers to save for their (out-of-pocket) medical expenses. If you are covered under an HDHP (High Deductible Health Plan) and are not yet entitled to Medicare benefits (generally not yet age 65) you or your employer may be able to make tax-deductible contributions to an HSA. HSA earnings are tax-deferred, and if used to pay qualified medical expenses, HSA assets are never taxed!